Praxair, Inc. (NYSE:PX) shares gapped down prior to trading on Monday . The stock had previously closed at $158.38, but opened at $154.32. Praxair shares last traded at $149.58, with a volume of 2054608 shares.
Several research analysts have weighed in on PX shares. Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and upped their target price for the stock from $155.00 to $175.00 in a research report on Tuesday, December 19th. UBS upped their target price on Praxair to $176.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. SunTrust Banks upped their target price on Praxair to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Jefferies Group set a $186.00 target price on Praxair and gave the stock a “buy” rating in a research report on Monday, December 11th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Praxair currently has an average rating of “Buy” and an average target price of $167.50.
The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The firm has a market capitalization of $42,949.89, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.95 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.825 per share. This is a positive change from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.20%. Praxair’s dividend payout ratio is currently 76.39%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Praxair by 1.1% during the 4th quarter. BlackRock Inc. now owns 17,780,637 shares of the basic materials company’s stock valued at $2,750,308,000 after acquiring an additional 196,920 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Praxair by 1.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock valued at $683,156,000 after acquiring an additional 77,300 shares during the last quarter. Egerton Capital UK LLP increased its holdings in shares of Praxair by 24.5% during the 4th quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after acquiring an additional 829,003 shares during the last quarter. Capital International Investors increased its holdings in shares of Praxair by 9.6% during the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock valued at $416,663,000 after acquiring an additional 262,050 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Praxair by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 2,781,294 shares of the basic materials company’s stock valued at $429,239,000 after acquiring an additional 89,525 shares during the last quarter. 86.17% of the stock is currently owned by institutional investors and hedge funds.
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Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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